Do IPO Hot and Cold Markets Exist at the Indonesia Stock Exchange?
نویسندگان
چکیده
منابع مشابه
Hot and Cold IPO Markets: Identification Using a Regime Switching Model*
The market for unseasoned equity has the unusual and distinguishing feature of periods of concentrated activity in terms of both volume and underpricing. This paper formally documents the existence of such periods using a regime-switching model that dates transitions between hot and cold states. A number of hot periods are identified over a 20-year period using a variety of IPO activity measure...
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In this study, we examine how initial public offerings (IPO) entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO) entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading vo...
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Speculative Bubbles in Mature Stock Markets: Do They Exist and Are They Related?
Economists have long conjectured that movements in stock prices may involve speculative bubbles. A speculative bubble is usually defined as the difference between the market value of a security and its fundamental value. Although there are several important theoretical issues surrounding the topic of asset bubbles, their existence is inherently an empirical issue that has not been settled. This...
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ژورنال
عنوان ژورنال: Binus Business Review
سال: 2014
ISSN: 2476-9053,2087-1228
DOI: 10.21512/bbr.v5i2.1007